About 9stacks
9stacks was a Consumer company based in Delhi (India) founded in 2017. It operates an online platform for poker games and gambling services. It operates on a B2C model. 9stacks has raised $7.33 million across 3 funding rounds from investors including Astarc Ventures, WaterBridge Ventures and Vinay Mittal. The company has 1 employees. 9stacks was last valued at $19.36 million in August 2019. Its Indian entity Ninestacks Gaming Llp reported revenue of ₹19.91 Cr. The company is recorded as dissolved. Its focus areas include Entertainment, Gaming, Online Gambling and Poker Platforms. Its competitors include PokerBaazi, Spartan Poker and PokerDangal; 2 of its 3 listed competitors have raised funding.
Company details
9stacks operates an online platform for poker games and gambling services, focusing on providing entertainment content, producing gaming content, online gambling, and poker platforms. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
- Headquarters Delhi, India
- Employees 1
- Stage Minicorn
- SectorsConsumer
- Website 9stacks.com
- Social X
- Legal Name Ninestacks Gaming Llp
- Date of Incorporation 30 May, 2017
- Annual Revenue₹19.91 Cr
FY 2021 · -11% YoY
- Net Loss-₹6.09 Cr
FY 2021 · -31% margin
- EBITDA₹19.81 Cr
FY 2021 · 99% margin
- Total Equity Funding$7.33M (USD)
in 3 rounds
- Latest Funding Round$1.92M (USD), Series A
Aug 2019
- InvestorsAstarc Ventures
& 76 more
- Employee Count1
Associated legal entities of 9stacks
9stacks operates through Ninestacks Gaming Llp (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ninestacks Gaming Llp CIN AAJ-5531 | Active | 30 May 2017 | Kolkata, West Bengal | ₹19.9 Cr | 1 | 2 | View details |
Funding Insights of 9stacks
9stacks has successfully raised a total of $7.33M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1.92 million completed in August 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $7.33M
- Total Rounds 3
- Last Round Series A — $1.92M
- First Round $1.56M
(Jul 2017)
- Investors Count 77
All 3 funding rounds of 9stacks with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2019 | $1.92M | Series A | $19.36M | WaterBridge | |
| Sep 2018 | $3.86M | Series A | $17.21M | WaterBridge | |
| Jul 2017 | $1.56M | Angel Round | $••••• | Manikandan Natarajan |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2019 | $19.36M | •••••••• |
| Sep 2018 | $17.21M | •••••••• |
| Jul 2017 | $••••• | •••••••• |
Full valuation and stage history of 9stacks
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $19.36M (Aug 2019). 77 investors in total: 6 institutional and 71 angel.
Investors in 9stacks
9stacks has secured backing from 77 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Astarc Ventures, WaterBridge Ventures and Vinay Mittal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage tech investments are focused on by WaterBridge in India. | waterbridge.vc | Delhi, India | ||
Seed-stage tech-focused VC firm investing in geographies such as Asia | 2015 | astarcventures.com | Mumbai, India | |
Nishkam is focused on uplifting underprivileged communities in India. | 1984 | nishkam.org | New Delhi, India | |
Diversified business consulting services are delivered across multiple sectors. | Delhi, India | |||
VM Vinay Mittal | Angel investor and entrepreneur, focused on tech startups in India. | unknown_d9d05400192b495b8 | ||
GS Gajendra Singh Chowhan | unknown_41013181a14a4d84a | |||
GK Govind Kumar Bhattacharya | unknown_96fee1bdea25405ba | |||
AB Anuradha Bhattacharya | unknown_a5635ea0a6a34c5fa |
Investor details for 9stacks
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Ninestacks Gaming Llp (9stacks)
Ninestacks Gaming Llp is the primary company behind 9stacks. The board of Ninestacks Gaming Llp currently have 2 directors; the longest-serving is Rishabh Mathur, appointed in 2017. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rishabh Mathur DIN 07755592 | Designated Partner | 30 May 2017 | 9 yrs 5 mo | Ninestacks Gaming Llp |
| Sudhir Kamath DIN 01861226 | Partner | 30 May 2017 | 9 yrs 5 mo | Ninestacks Gaming Llp |
People of 9stacks
1 people are tracked at 9stacks (1 in team); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Rohit Pandey | CRM | Team |
Complete people profiles for 9stacks
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Verified entity values are shown only after access is granted.
Financials of 9stacks
Figures of Ninestacks Gaming Llp, the primary company behind 9stacks, for FY 2021. Revenue was ₹19.91 Cr (-11% year on year). Net loss was -₹6.09 Cr (-31% margin). EBITDA was ₹19.81 Cr (99% margin). Revenue has grown at a compounded annual rate of +192% over three years.
- ₹19.91 CrRevenue · FY 2021 · -11% YoY
- -₹6.09 CrNet loss · -31% margin
- ₹19.81 CrEBITDA · 99% margin
- 1Employees (provident fund records)
- +192%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Ninestacks Gaming Llp are on its company page.
Detailed financial statements for 9stacks
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of 9stacks
4 dated milestones of 9stacks across 2 years, from founding to its latest funding, stage changes and deals.
- Founded 9stacks is founded.
- Funding First funding round of $1.6M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $1.9M.
Competitors of 9stacks
9stacks has 3 listed competitors in our database, 2 of them funded. They include PokerBaazi, Spartan Poker and PokerDangal.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pokerbaazi.com | 2014 | Kolkata, India | 186 | Online platform for poker games, tournaments, and strategies in India. | ||
| spartanpoker.com | 2015 | Kolkata, India | $1.43M | 119 | Online poker games are facilitated via a digital platform. | |
| pokerdangal.com | 2017 | Kolkata, India | $1.39M | 1 | Online platform to play poker games |
Detailed competitors of 9stacks
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Top companies in Gambling & Entertainment Platforms
3 companies that operate in the same segment as 9stacks (Gambling & Entertainment Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online skill-based games are developed across platforms and genres. | 2010 | Delhi, Delhi, India | USD 1.79 M | USD 166.95 M | 699 | |
An online platform for skill-based gaming competitions is provided. | 2019 | Gurugram, Haryana, India | USD 25.96 M | USD 11.28 M | 39 | |
Provider of online skill-based gaming platforms | 2005 | Hyderabad, Telangana, India | USD 81.87 M | USD 128.91 M | 529 |
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Frequently Asked Questions about 9stacks
9stacks was founded in 2017.
9stacks is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
9stacks is a funded company, having raised a total of $7.33M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $1.56M, raised on Jul 2017.
9stacks has 1 employees.
The primary company behind 9stacks, Ninestacks Gaming Llp, reported revenue of ₹19.91 Cr for FY 2021, down 11% year on year.
9stacks operates an online platform for poker games and gambling services, focusing on providing entertainment content, producing gaming content, online gambling, and poker platforms. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
9stacks's top competitors include PokerBaazi, Spartan Poker and PokerDangal.
9stacks has 77 investors. Key investors include Astarc Ventures, WaterBridge Ventures, Vinay Mittal, Gajendra Singh Chowhan, and Govind Kumar Bhattacharya.
The valuation of 9stacks is $19.36M as of Aug 2019.
9stacks operates through Ninestacks Gaming Llp.
The legal entities of 9stacks currently have 2 directors, including Rishabh Mathur, Sudhir Kamath.